• Sea average ebit margin for 2023 was 0.42%, a 102.58% decline from 2022.
• Sea average ebit margin for 2022 was -16.3%, a 17.64% decline from 2021.
• Sea average ebit margin for 2021 was -19.79%, a 42.49% decline from 2020.

Ebit margin can be defined as earnings before interest and taxes as a portion of total revenues